Posted by nikicheong > 2024-07-20 16:14 | Report Abuse

Ambank downgrades to RM0.60. Very odd update given that there's no update or changes to fundamentals.

Posted by Gabriel Khoo > 2024-07-20 17:23 | Report Abuse

Can you share the report?

Posted by SonniaFang > 2024-07-22 10:40 | Report Abuse

MISC could take a substantial stake in Bumi Armada

https://theedgemalaysia.com/node/718246

Posted by TimCoke > 2024-07-22 11:02 | Report Abuse

I bet this is a real one

Posted by Robert Waters > 2024-07-22 12:36 | Report Abuse

It is sad. They have NOTHING.

Posted by TimCoke > 2024-07-22 13:17 | Report Abuse

Lets see ^^

Posted by daretocutandchange > 2024-07-22 13:31 | Report Abuse

no matter what happen as long as it's earning and borrowing keep on improving, eventually the share price will going up

Posted by Macgyver11 > 2024-07-22 13:50 | Report Abuse

Adoi! Balik 0.55 lagi. 🤦
Armada favourite number 0.55..😁😀

Posted by warris > 2024-07-22 18:48 | Report Abuse

may be substantial stake in armada for alberta project...

Posted by TimCoke > 2024-07-23 12:09 | Report Abuse

not only that

Posted by nikicheong > 2024-07-23 18:20 | Report Abuse

https://www.petromindo.com/tender/detail/akia-3d-moriite-scismic-acquisilion

Bumi Armada moving ahead with the seismic on Akia.

Posted by nikicheong > 2024-07-23 18:22 | Report Abuse

Berdasarkan catatan SKK Migas per Juli 2024, beberapa lapangan eksplorasi yang sedang dalam proses farm-out di antaranya wilayah kerja (WK) Andaman I, WK Akia dan WK Bobara.

https://ekonomi.bisnis.com/read/20240722/44/1784405/skk-migas-rayu-perusahaan-kecil-masuk-ri-eksplorasi-migas-bisa-makin-semarak

Posted by nikicheong > 2024-07-24 18:36 | Report Abuse

Some progress as Uniper Grain Power plant is named for the CCS project in UK

Posted by Gabriel Khoo > 2024-07-24 19:05 | Report Abuse

Bumi Armada and Navigator Gas anticipate entering into definitive documentation for the Bluestreak CO2 joint venture by the end of the fourth quarter of 2024. The joint venture is subject to the execution of such definitive documentation, approvals by the respective boards of directors of Bumi Armada and Navigator Gas, applicable regulatory approvals and other customary closing conditions.

Posted by jacintateh > 2024-07-24 20:17 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/7429949

Posted by Gabriel Khoo > 2024-07-24 21:13 | Report Abuse

NICK. If BAB can conclude some deal this year, chances for MISC to acquire BAB's from TSA high right?

Posted by ITreeinvestor > 2024-07-24 21:46 | Report Abuse

MISC acquire BAB is in the progress, just wait patiently and they will make announcement accordingly.

Posted by Robert Waters > 2024-07-24 23:05 | Report Abuse

Misc and Armada. It reminds me of Sapura merging with Kencana a few years ago. Also long wait for decision. And then successful merger.
Where are they now, by the way ? Sapura at 3.5 sens, down 99%. Hope enough of time for us to dispose of the shares.

Posted by nikicheong > 2024-07-24 23:28 | Report Abuse

This is a follow up to this: https://www.uniper.energy/united-kingdom/news/uniper-awards-design-study-contracts-for-grain-carbon-capture-project/

Any formal contract award is still at the minimum up to 2 years away. This is a long-term thing that will develop slowly over time.

Posted by SonniaFang > 2024-07-24 23:45 | Report Abuse

Hitting 60 cents by this month end

Posted by ITreeinvestor > 2024-07-25 08:41 | Report Abuse

looking forward official orderbook award by end of the fourth quarter of 2024

Posted by nikicheong > 2024-07-25 09:42 | Report Abuse

Official award is not happening by the end of this year, merely a formalization of the Bluestreak CO2 JV. The official award is still a good 12 - 24 months away, maybe even longer or never at all. This MOU is extremely preliminary.

Posted by Robert Waters > 2024-07-25 11:23 | Report Abuse

Just my opinion about the whole project. Moving the CO2 from sky to underground does not change much. It is still CO2 and will reman such for millions of years. Sooner or later it will get out. So there is no point doing it.
Bumi Armada is barely capable of delivering one simple FPSO over years. No way they can successfully deliver a complicated and innovative project. Greedy Gary is not taking new projecs anyway. He turned down Camaia, Caspian Sea and other, sticking to visions and general woke declarations.

Posted by nikicheong > 2024-07-25 13:22 | Report Abuse

https://www.kenanga.com.my/wp-content/uploads/2024/07/ARMADA-240725-CU-Kenanga.pdf

Posted by Robert Waters > 2024-07-25 14:08 | Report Abuse

I like it how Kenanga in today's write up maintains as risk to Armada: (i) further delay of first oil for Armada Sterling V.

Posted by nikicheong > 2024-07-25 14:29 | Report Abuse

Most analysts are clowns not worth their money.

Posted by nikicheong > 2024-07-25 14:48 | Report Abuse

GANAPATHY SRIHARI RAMA IYER is directly involved in the Bluestreak CO2 venture. He is Ananda's right hand man, directly from Usaha Tegas. Unsure if he is under Bumi Armada's payroll.

Posted by ITreeinvestor > 2024-07-26 08:04 | Report Abuse

Carbon shipping fleet plotted for project to clean up power plant emissions

https://www.upstreamonline.com/carbon-capture/carbon-shipping-fleet-plotted-for-project-to-clean-up-power-plant-emissions/2-1-1682485

Posted by nikicheong > 2024-07-26 09:56 | Report Abuse

If Bumi Armada does get a project anytime soon, it will be a regasification (FSRU) or liquification (FLNG) project. But that's a big IF.

Posted by ITreeinvestor > 2024-07-26 11:09 | Report Abuse

Here are some of the global top FSRU companies :

HÖEGH LNG AS (Norway)
Excelerate Energy, Inc. (United States)
New Fortress Energy Inc. (United States)
BW LNG (Singapore)
Mitsui O.S.K. Lines, Ltd. (MOL) (Japan)
Bumi Armada Berhad (Malaysia)
Flex LNG (Greece)
Gazprom (Russia)
Eagle LNG (Netherlands)
Dynagas LTD (Greece)
Exmar NV (Belgium)

Posted by ITreeinvestor > 2024-07-26 11:09 | Report Abuse

https://www.blackridgeresearch.com/blog/fsru-meaning-definition-guide-floating-storage-regasification-units

Posted by nikicheong > 2024-07-26 12:20 | Report Abuse

As shared before, Bumi Armada was involved in the Shell Sarawak CCS FEED.

Also, they participated in the FSRU pre-FEED for EnQuest at Sullom Voe.

Unsure about any possible final award for either of these projects.

Posted by nikicheong > 2024-07-26 12:30 | Report Abuse

I also do believe their might be working with Enquest as well as a potential client for Bluestreak CO2 at Sullom Voe.

Posted by TimCoke > 2024-07-26 19:38 | Report Abuse

u r right

Posted by TimCoke > 2024-07-30 14:35 | Report Abuse

ok, seems like little good news on its way

Posted by Macgyver11 > 2024-07-30 21:21 | Report Abuse

0.55 lucky number for Armada..😂🤣

Posted by nikicheong > 2024-07-31 09:35 | Report Abuse

Someone might know something we don't.

Posted by Penarak > 2024-07-31 09:39 | Report Abuse

It was a hard slog from 0.545 to 0.58.1 day wonder catapulted it to 0.61.In 10 days,bck to 0.545.Painful...

Posted by ocbc > 2024-07-31 23:38 | Report Abuse

oil price up , merge faster

Posted by LY Hoh > 2024-08-02 11:36 | Report Abuse

Hopefully QR show green….

Posted by Penarak > 2024-08-02 14:31 | Report Abuse

0.525.Holy smokes.And 0.545 was already low.

Posted by TimCoke > 2024-08-02 14:42 | Report Abuse

grab more

Posted by nikicheong > 2024-08-02 15:15 | Report Abuse

Be careful people.

Posted by Robert Waters > 2024-08-02 16:03 | Report Abuse

Maybe Greedy Gary decided to pursue other green energy or carbon zero concepts that nobody has ever done before ?

Posted by TimCoke > 2024-08-02 16:17 | Report Abuse

oil price will up?

Posted by MM78 > 2024-08-02 17:36 | Report Abuse

Though I have disposed much of Armada shares and left with about 30 % from the peak holding, I feel pathetic for its poor price performance lately. Is the market so lack of confidence in Armada business and indirectly reflecting its no growth in its FPSO new business. The major shareholder needs to shake up the board and consider getting rid of its MD.

Posted by Gabriel Khoo > 2024-08-02 19:58 | Report Abuse

Strong ringgit...

Posted by Macgyver11 > 2024-08-02 22:19 | Report Abuse

😂 🤣 0.50 to 0.55 Armada lucky. Kasi Armada mandi bunga

Posted by ITreeinvestor > 2024-08-04 11:04 | Report Abuse

Malaysia’s Bumi Armada has started the tender process for a marine 3D seismic survey on its Akia working area offshore North Kalimantan, Indonesia, where it has hopes for a fast-track development.

https://www.upstreamonline.com/exploration/indonesia-newcomer-launches-seismic-tender/2-1-1685442

Posted by mf > 2024-08-04 11:23 | Report Abuse

Dow Jones

Dow Jones Industrial Average

39,737.26

-610.71

1.51%

Nasdaq

NASDAQ Composite

16,776.16

-417.98

2.43%